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Grayscale fund manager firm raised voice against SEC agency because of rejection of Bitcoin spot ETF application of VanEck.  At present, there are three Bitcoin Futures ETFs available on trade, each fromVanEck, Valkyrie, and ProShares. Three futures of Bitcoin were approved by the Securities and Exchange Commission (SEC) around a month ago. After the approval of Bitcoin futures-based ETF applications, many experts said that the SEC agency will approve Bitcoin spot ETF easily without any hesitation. But the situation is not going the same as expected.  The SEC agency rejected the Bitcoin spot ETF application of VanEck. In response to this action of the SEC agency, on 29 November, Grayscale firm wrote a letter to Vanessa Countryman- Secretary of the SEC- and said that the SEC agency is wrong with its decision to reject the application of Bitcoin ETF.  “no basis for the position that investing in the derivatives market for an asset is acceptable for investors while in...

Dear Ted Hover, thanks for taking the time to join me in this interview to educate our community on CurPay. Can you give us a brief introduction to you? What is your story, dating back as far as you wish? Stefan, thanks for having me. I grew up in Elmira, NY and ever since I was young, I have been interested in Tech; at 13, I built my first computer, “A Sinclar ZX80 ‘’ and started teaching myself BASIC programming. My journey carried me to college at LIU Southampton for Marine Biology, but it wasn’t what I was looking for, so I joined the AirForce, serving four years primarily on AWACS Planes (Airborne Warning and Control System Aircraft) It was during my time in the military that I bought my first pre-built computer, “A Packard Bell 286,” and dove deeper into programming. This continued knowledge allowed me to create a concept and design an electric vehicle. With this fantastic idea in mind, I started my first company AEV, which stood for Automated Electric Vehicles. Unfortunately...

SINGAPORE, SINGAPORE, 30th November, 2021, BlockchainSpace , a guild hub for play-to-earn (P2E) communities, announced a $2.4 million strategic funding round today. Coming hot on the heels of last month’s seed round, the funds will be used to onboard the next 20,000 guilds worldwide and accelerate growth in the rapidly expanding NFT gaming industry.  Morningstar Ventures led the round, with participation from backers including Crypto.com , Alameda Research (FTX), Kingsway Capital , OkEx Ventures and Unity Gaming .  BlockchainSpace is a metaverse platform building tools that empower play-to-earn gaming communities to increase their performance, access capital, grow their earnings and live up to their full potential. It currently serves over 2,000 guilds and more than 545,000 P2E players.  NFT-based P2E gaming is booming, with games such as Axie Infinity, CryptoBlades and The Sandbox blossoming into full-fledged economies that enable thousands of gamers to earn a li...

Paris, France, 30th November, 2021, — Colony , a community-driven accelerator evolving into a decentralized autonomous organization that’s aiming to generate rapid growth in the Avalanche ecosystem, announced it has raised $18.5 million in seed funding.  The round was led by The Avalanche Foundation and saw participation from Shima Capital , Hashkey , GBV Capital and Bixin Ventures . Members of the Avalanche community also participated in the round. Colony’s mission is to deploy capital within the Avalanche ecosystem to fund the most promising early-stage projects, provide liquidity for DeFi protocols, maintain an Index on top of Avalanche projects and validate networks through stacking capabilities. Through its concept of Ecosystem Farming, Colony will enable the community to invest in the most promising projects at the ground-level development stage, creating opportunities that were previously only available to VCs and angel investors. Colony’s open governance mechanism e...

The second day of the winter session on the crypto bill of India goes smoothly with positive points toward crypto regulation. At present, the crypto bill is under the heat of discussion in the Indian Parliament House. The bill on crypto is prepared by the officials of the finance ministry. Right now the crypto bill is waiting to get the approval of the Cabinet ministers to show in the parliament session.  Today is the 2nd day of parliament’s winter session discussion. Today multiple ministers raised their questions over the planning and expected regulation based crypto bill of the finance minister.  However, the minister did debate on many types of questions and answers but the main important thing was no voice to support “crypto ban”. In the whole session, no one said that the Indian government should ban and but raised their point of view on the negative use cases and frameworks to regulate crypto.  According to Nirmala Sitharaman, finance minister of India, the cr...

Microstrategy company bought a total of 7,002 Bitcoins in the last market crash with $414.4 million funds.  Microstrategy is a software firm but this company is highly bullish on Bitcoin and the company is continuously buying Bitcoin in every crash in the crypto market.  Michael Saylor, CEO of Microstrategy firm, announced through Twitter that his company bought a total of 7,002 Bitcoins with a total of $414.4 million funds. So the average price of Bitcoin bought by Microstrategy firm is around $59,187.  MicroStrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of ~$59,187 per #bitcoin . As of 11/29/21 we #hodl ~121,044 bitcoins acquired for ~$3.57 billion at an average price of ~$29,534 per bitcoin. $MSTR https://t.co/OA8VWG1bZX — Michael Saylor (@saylor) November 29, 2021 So after this buy amount, Microstrategy owns a total of 121,044 Bitcoin, which has a total value of aroun...

Bancor is planning to upgrade the Bancor with new features like Instant Impermanent Loss Protection. Bancor is a decentralized crypto platform. This is the first-ever Defi crypto project based on the Decentralized automated market maker (AMM) concept and it was launched in 2017. This is popularly known for its facility of Ethereum based exchange and liquidity pools.  Through a blog post, on 30th November, Bancor announced that they are introducing Bancor 3. With the Bancor 3 upgrade, many new features will be added to the platform including the Omnipool, Infinity pools, and “Instant Impermanent Loss Protection upgrades.  Introducing Bancor 3 pic.twitter.com/TuIyUnN13U — Bancor (@Bancor) November 29, 2021 According to Bancor, this upgrade is going to be the most important in their platform network and after the upgrade, users will be able to use the services at a cheap cost to earn favourite tokens.  After the shift of Bancor from V2.1 to V3, there will be a s...

The Federal Reserve Bank of New York established a partnership with the Bank for International Settlements Innovation Hub to support the analysis of digital assets.  Because of the increasing demand for blockchain technology and pro-level advancement in the payment system, all high-level level authorities in the world are trying their best to deploy this technology in the global market to make the payments and settlement work smoothly within a small interval of time to push the financial infrastructure to the next level. The Federal Reserve Bank of New York is working on a similar kind of innovation. The name for this new initiative, they named it “New York Innovation Center” . With this, they aimed to bring a global system with blockchain technology-based networks.  Jerome Powell, Federal Reserve chair, speaking on the initiative of New York Innovation Center on 29 November said that the partnership of BIS will help the agency analyze the digital assets and also will help...

Toronto, Canada, 30th November, 2021, Chainwire Arvalex is an Avalanche-based protocol for NFT trading, Services exchange built on AMM Protocol. Arvalex Protocol has announced its public launch on Avalanche Blockchain Network.  The Metaverse token $AVRL, which prides itself on being the next generation of protocol “built to enhance ease of commerce and other related transaction in the metaverse,” is powered by and built on the Avalanche Blockchain. The Avalanche Blockchain which has been proven to be robust is the first point of call as it boasts 4,500 transactions per second (TPS) with less than a three-second finality. The Arvalex protocol is built to serve as the common means of exchange in the metaverse to reduce the confusion associated with the proliferation of many tokens.It provides a common protocol that services other platforms enabling people to swap between coin A and coin B, or different tokens easily without all the hassles and gatekeepers normally associated with ...

For the Korean won backed Stablecoin project, Hedera Hashgraph and South Korean bank did a partnership.  In the present time blockchain adoption is at a tremendous level. And all the Central banks are doing their best to use blockchain technology in the traditional financial system. But the development and research work of the Central banks are not much faster like private Fintech firms. In this situation, crypto projects are doing their best for such types of initiatives.  In the latest, South Korean bank Shinhan Bank and Hedera Hashgraph (HBAR) completed their development work on the Proof-of-concept to pilot a Stablecoin (KRW) to conduct international payment (i.e cross border remittances).  The Proof-of-concept of South Korea’s Shinhan Bank will also use the blockchain network of the Hedera Hashgraph. And with this initiative, they claimed that they can easily facilitate cross-border remittances within seconds for a small penny of cents.  According to the H...

After a long delay, the Kraken exchange announced to add support for the Dogecoin rival Shiba inu token.  Kraken is the 8th biggest crypto exchange of the crypto market in terms of trading volume and popularly it is known as a global crypto exchange. Recently Kraken’s exchange hinted to lis t Shiba inu coins but people were expecting that Kraken may not list.  On 29 November, the Kraken exchange announced through Twitter that trading for Shiba inu meme token will be live from 30th November.  New Listing on Kraken: @Shibtoken $SHIB deposits begin NOW! Trading is live November 30. Learn more: https://t.co/yUUKaBXKBq pic.twitter.com/L2IUHugyG0 — Kraken Exchange (@krakenfx) November 29, 2021 This listing of Kraken is going to be one of the best decisions in terms of crypto business because already the Shiba inu community was willing to see Shiba inu on the Kraken exchange.  After the announcement, the announcement tweet got 17.5kretweets and 44.3k like...

Binance exchange announced that it will support hard fork in the Binance Smart Chain (BSC) upgrade. Binance is a popular crypto exchange with the number one position in the crypto industry in terms of the crypto trading volume. Binance has its own native token Binance coin (BNB). Currently, the value of the BNB coin is at that level where no one can expect. In the very starting, this coin was revolving around the $1 price and currently, it is at more than $600. And also this is not only a native token but also it is running on Binance smart Chain network, which is backed by the Binance exchange.  Recently, the Binance Smart Chain developer team announced their plan to introduce a new mechanism to burn Binance coins in the network automatically to avoid manual burning. For this, the Developer team will force the network to go under fork by 30th November.  Binance exchange announced on 29 November that they will support the upcoming Burno hard fork in the Binance smart Chai...

A question-answer activity took place in the latest parliament session about the crypto bill 2021 winter session discussion.  At present crypto bill of India is under heat. On 29 November, a small discussion on the crypto bill took place in the Parliament House of India.  In the discussion, Finance Minister Nirmala Sitharaman questioned whether she is considering to adopt Bitcoin as Currency in India.  Minister said, “No.  The discussion is available in the written letter form, as we can see below in the photo  In this letter, we can see that the Finance Minister only raised their voice in support of the crypto underlying technology adoption. However there was no question about the crypto ban but still, we can see the Indian finance minister’s vibe positive toward crypto regulation instead of the ban because in the past she never said that India will ban it and also said that if India will ban then they will not ban it permanently, they will give a window...

Singaporean crypto exchange, Coinstore is entering India with three new offices to enter the Indian crypto market despite huge uncertainty about legal status.  At present, a crypto community of India is worried about their crypto-related activities because “India crypto bill 2021” is currently under introduction in the Indian lower house parliament and outside headlines of the bill are indicating India is going to ban crypto and they will only adopt blockchain technology.  Besides all this panic, there are many crypto inclined services outside and inside in India, which are pushing their crypto-related services to the next level without caring about any kind of legal & illegal status of crypto.  In the latest, Singapore’s Coinstore Crypto exchange planned to enter the Indian crypto market. For this, Coinstoreis allocated around $20 million to establish 3 offices.  The new initiative of the CoinStore Is aimed to launch web and app-based crypto spot and futur...

Binance exchange shared his point of view on the recent transactions that happened within the Binance and Dogecoin users.  A few weeks ago, Dogecoin upgraded the network to increase the efficiency and security of the Dogecoin network. But that upgrade took place successfully with an issue with new Dogecoin transactions on the Binance exchange with few numbers of users.  Earlier this Binance exchange didn’t share information openly and many people were just considering who made a mistake in this incident.  On 29 November, Binance announced all about it in detailed information through a blog post.   Binance said that the exchange is dedicated to providing the best level crypto services that are popularly Known globally and useful for crypto users. But it is a very common thing for every business to face issues with challenges and Dogecoin-related matters was also a challenge for the exchange.  In short, Binance said that nor Binance is responsible for neithe...

White House blacklisted 8 Chinese Quantum computing companies to remain away from any kind of national security risk.  The Biden administration announced that the White House blacklisted 8 Chinese computing-inclined companies to avoid any national security risk. Now, these companies are added to the US Department of Commerce’s Entity List.  The entity under which these companies are now listed is a national security tool, which is under the use of the Bureau of Industry and Security ( BIS ). According to the announcement , 27 companies have been added to the list including these 8 Chinese companies because of many factors that pose national security risks regarding quantum computing technology. Officially they added:  “Eight technology entities based in the People’s Republic of China (PRC) are being added to the list as part of the Department of Commerce’s efforts to prevent US emerging technologies from being used for the PRC’s quantum computing efforts that suppor...

After a more than 40% plunge, Shiba inu is planning to go for a long-term crypto project in the crypto industry.  At the end of October and the beginning of November, the Shiba inu coin project grabbed huge attention and gain in the crypto market. But in this current situation, Shiba inu is 40% lower than in the last month. However, there are many crypto inclined services, which are giving support to the Shiba inu token in terms of payment and trade options but the still price of Shiba inu coins is getting down day by day.  As we know, Shiba inu is a meme coin. And meme coins are known for their popularity on social media instead of any actual use case. But now the Shiba inu project team is aiming to sustain the Shiba project in the long term like other flagship crypto-asset projects.  A popular Shiba inu coin leader, Shytoshi Kusama, announced the new plan of the Shiba inu project.  According to the published announcement by Shytoshi, the Developer team will ...

The Cardano founder shared his point of view on the suggestion of the Cardano developer that is needed for the success of the Cardano project.  One of the developers in Input-output Hong Kong global (IOHK) wrote on Twitter about the deployment of the concept of the alternative node to push the Cardano blockchain toward success in terms of a highly decentralized network. On this, Charles Hoskinson CEO and founder of the Cardano project responded and said: “Client diversity is critical for the long-term viability of Cardano. I’d love to see a Typescript, Rust, and Haskell client all working together and certified against the formal specifications.” The developer further noted that Haskell (native programming language of Cardano blockchain) is the best choice to implement specs first. But according to him, Rust is the best option for implementation reliability and performance.  Thi s proposal to implement an alternative node concept pointed out many factors, which insis...

Omicron crypto-asset surged by around 800% after the WHO’s Name Choice for the Latest COVID-19 Strain.  A few days ago, the Wall Street Journal (WSJ) published a report on the Corona new variant and that caused a sudden crash in the crypto market. So we can say corona is a new factor that is responsible for the dump of the crypto market. In the past, the crypto market crashed because of COVID 19 pandemic. But here the case is something new with Omicron ( asset & Coronavirus)  The World Health organization chose the “Omicron” name for a new variant of the Coronavirus, which took birth in South Africa. This name is identical to the Omicron crypto asset.  After the announcement of this new name by the World Health organization, the price of the Omicron crypto-asset surged by around 829% at the time of writing this article.  Source; CMC Omicron (OMIC) is a decentralized crypto asset deployed on the Arbitrum Network. This coin is giving a huge profit to its ho...

Now all the crypto exchanges in the United Kingdom will have to pay a 2% tax on their digital assets-based services.  In the present time, crypto services are evolving at the best rate and with the evolution, they are facing new challenges because of the financial regulators. Two weeks ago, a US $1 trillion infrastructure bill passed that imposed a big restriction on the crypto industry, in order to grab huge tax revenue. And now UK authorities are eying on the crypto exchanges to grab taxes.  On 28 November, HMRC- Tax authority of Britain, announced that they will no longer consider crypto/digital assets based financial services as financial instruments and they will consider it under the Treasury’s tech tax. So now all the crypto inclined services in the UK are not able to receive financial exemptions.  Under the Treasury Tax system, all these crypto exchanges needed to have to pay around 2% taxes on their digital assets services.  Treasury’ Tech tax system w...